Piper Sandler Sets $130 Price Target for Phillips 66
July 13, 2023
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Phillips 66 ($NYSE:PSX) is a major energy manufacturing and logistics company that operates midstream, chemicals, refining, and marketing and specialties businesses. Its stock is traded on the New York Stock Exchange under the symbol PSX. Recently, Piper Sandler has set a new price target of $130.00 for Phillips 66 at Defense World. Piper Sandler is an investment banking and financial services firm with offices across North America and Europe. It provides investment banking and capital markets services to corporate and institutional clients, including mergers and acquisitions advisory, debt and equity capital markets underwriting, strategic advisory, financial restructuring, and private fund services.
The new price target from Piper Sandler indicates that the company could see further growth in the coming months. Overall, Phillips 66 is an energy manufacturing and logistics company that has experienced significant stock growth over the past year. With Piper Sandler setting a new price target of $130.00 for the company at Defense World, investors should consider whether this is an opportunity to add value to their portfolios.
Market Price
At the end of the trading day, PHILLIPS 66 stock opened at $99.5 and closed at $100.3, representing a 0.9% increase from its prior closing price of 99.4. This new target marks yet another sign of optimism in the stock’s future performance, with analysts now expecting the price to increase significantly over the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Phillips 66. More…
| Total Revenues | Net Income | Net Margin |
| 168.21k | 12.39k | 6.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Phillips 66. More…
| Operations | Investing | Financing |
| 10.88k | -1.32k | -5.99k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Phillips 66. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 76.44k | 42.34k | 63.99 |
Key Ratios Snapshot
Some of the financial key ratios for Phillips 66 are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.0% | 46.5% | 10.2% |
| FCF Margin | ROE | ROA |
| 5.2% | 36.4% | 14.0% |
Analysis
At GoodWhale, we have carried out an analysis of PHILLIPS 66‘s business and financial wellbeing. Based on our Risk Rating system, we have assessed PHILLIPS 66 as a medium risk investment. This rating means that although there are some risks associated with investing in PHILLIPS 66, they are not considered to be severe enough that investors should avoid them altogether. In terms of financials, GoodWhale has detected two risk warnings in the income and balance sheet. To get access to these warnings, you need to be a registered GoodWhale user. In addition to these warnings, GoodWhale also offers further analysis of the company’s financials, such as cash flow, debt-to-equity ratio and more. This can help investors to understand their investments better and make informed decisions. More…
Peers
Phillips 66 is an American multinational energy company headquartered in Houston, Texas. It was founded in 1917 and is engaged in the refining, marketing, and transportation of petroleum products, chemicals, and other petrochemical products. The company has a market capitalization of $46.61 billion as of February 2021. Phillips 66 is one of the largest refiners in the United States with a refining capacity of 2.2 million barrels per day. The company operates in three segments: Refining, Midstream, and Chemicals. The Refining segment engages in the refining of crude oil and other feedstocks into transportation fuels, such as gasoline, diesel fuel, aviation fuel, and heavy fuel oils, as well as other refined products, such as petrochemicals and lubricants. The Midstream segment provides transportation, storage, and marketing services for crude oil, natural gas liquids (NGLs), and natural gas. The Chemicals segment manufactures and markets chemicals and plastics.
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Summary
Piper Sandler has released a new price target of $130.00 for Phillips 66, a large diversified energy manufacturing and logistics company. Analysts at Piper Sandler remain positive on the stock due to its strong balance sheet, attractive valuations, and potential for cash flow generation.
Additionally, Phillips 66 has significant potential to benefit from the recent increase in global crude oil demand and prices. Furthermore, Piper Sandler believes that Phillips 66’s refining operations have strong potential to benefit from the growing demand for clean fuels. Finally, the company’s expansion plans into renewable energy sources should further add to its long-term growth prospects.
